Table 11.
Robustness test—alternative measure of financial access.
| Dependent variable | RENW | CO2E | PM2.5 | IMR | U5MR |
|---|---|---|---|---|---|
| ATM density | 0.196*** | −0.421** | −0.298*** | −0.574*** | −0.552*** |
| Control variables | Yes | Yes | Yes | Yes | Yes |
| Country fixed effects | Yes | Yes | Yes | Yes | Yes |
| Time fixed effects | Yes | Yes | Yes | Yes | Yes |
| Observations | 115 | 115 | 115 | 115 | 115 |
| R 2 | 0.39 | 0.36 | 0.50 | 0.59 | 0.61 |
***, **, * denote significance at the 1%, 5%, and 10% levels, respectively.